Wells Fargo: Macau gaming strength to continue in November


Based on trends in the front end of the month, Wells Fargo analyst Cameron McKnight sees Macau gaming revenue growth of 19%-21% Y/Y in Nov. He expects "ADR to remain strong following the end of China Communist Party Third Plenum meetings."

Casino stocks with operations in Macau that stand to benefit include Melco Crown (MPEL +0.9%), Las Vegas Sands (LVS +0.8%), Wynn Resorts (WYNN +0.7%), MGM Resorts (MGM +0.7%), Galaxy Entertainment (GXYEF +0.5%), and SJM Holdings (SJMHF -2.1%).

Previous: October record month for Macau casinos

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs